Turnover: 590 million EUR (2022)

Country: France

Founded in 1988 by Bruno Rousset and Xavier Coquard, April is France's leading wholesale broker. Its vocation is to design and place original insurance products with companies, aimed at targeted customer groups that are generally little or not covered by standard offers.

April offers loan insurance, provident insurance, health insurance and property and casualty insurance such as auto and home. It also offers niche insurances such as international e-sport competitions: insurance for cancelled competitions, theft of equipment and repatriation assistance.

April France's subsidiaries include "April Aglaé", a limited company with a Board of Directors (16 million in capital) based in Lyon, April technologies (42 million in sales in Lyon), and April VIE in Paris.

The company is present in Malta because of the island's advantages for positioning itself in the international risk market.

To enhance its image, the company supports sustainable development in Asia. It declares its commitment to sustainable paper production and forest protection (http://www.aprilasia.com/en/)

News

April in talks with DLPK to expand its savings business 08/12/2023

  • The KKR fund acquired the April broker eight months earlier.
  • April is preparing a major acquisition with the DLPK Group.
  • April acquired the Magnacarta network of asset managers in 2022.
  • With DLPK, April could manage around 15 billion euros in financial assets.
  • The size of these assets would be close to that of the total assets of Groupe Cyrus and Maison Herez.
  • The KKR fund bought April for a valuation of almost 2.4 billion euros.
  • DLPK has 250 employees and sales of 135 million euros in 2022.
  • DLPK currently has around 12 billion euros in savings assets.
  • The BlackFin fund owns 34% of DLPK, and acquired a stake in 2018.

KKR buys April for 2.4 billion euros 28/11/2022

  • Transaction value when April is acquired by CVC Capital Partners (2019): 900 million euros.
  • Expected value of the sale of April by CVC: 2.5 billion euros.
  • Valuation of April following the transaction with KKR: approximately 16 times its expected Ebitda for 2022.
  • April sales in 2021: 544 million euros.
  • April's organic sales growth between 2020 and 2021: 8%.
  • Number of April employees: 2,300.
  • Number of April broker partners: 15,000.
  • April's presence in over fifteen countries.

KKR buys insurance broker from CVC for nearly 2.4 billion euros 26/11/2022

  • Group sales of over 540 million euros
  • 2.300 employees
  • Active in 16 countries
  • Bought by KKR for 2.4 billion euros, CVC acquired for 900 million euros in 2019
  • Ebitda expected in 2022, valued at 16 times
  • Refocused on health, personal protection, VSEs, loan insurance
  • Takeover of the Magnacarta network of wealth management advisors
  • Takeover of insurance comparator Comparadise in 2020
  • Sale of property-casualty subsidiary Axeria IARD and health and provident insurance company Axéria

Financial Data

DUNS: 377994553

Legal Name: APRIL

Address: 114 BD MARIUS VIVIER MERLE , 69003 LYON 3EME

Number of employees: Entre 20 et 49 salariés (2020)

Capital: 16 374 307 EUR


Financial Data:

Year 2021 2020 2019 2018 2016 2015
Turnover 2 464 000 851 000 120 000 - - -
Gross margin (€) 9 214 000 1 543 000 8 682 000 4 070 000 703 000 236 000
EBITDA (€) -23 071 000 -20 379 000 -20 005 000 -14 333 000 -13 093 000 -11 047 300
Operating profit (€) -24 881 000 -25 748 000 -21 334 000 -18 076 000 -13 724 000 -11 053 000
Net profit (€) 251 034 000 217 522 000 96 736 000 24 420 000 14 315 000 12 786 000
Turnover growth rate (%) 189,5 609,2 - -100 - -
Ebitda margin rate (%) -936,3 -2 394,7 -16 670,8 - - -
Operating margin rate (%) -1 009,8 -3 025,6 -17 778,3 - - -
Working Capital (turnover days) -35,1 -132 144,2 -383 633,2 - - -
Working Capital requirements (turnover days) -0,5 -1 056 -20 835,4 - - -
Net margin (%) 10 188,1 25 560,8 80 613,3 - - -
Added value / Turnover (%) -449,4 -1 406,5 -9 340,8 - - -
Wages and social charges (€) 10 851 000 7 494 000 10 524 000 8 093 000 7 611 000 6 176 000
Salaries / Turnover (%) 440,4 880,6 8 770 - - -

Company Managers:

Position First Name Last Name Age Linkedin
Président Eric Maurice MAUMY 57
Directeur général délégué Marc-André Jean DUPONT 54
Directeur général délégué Philippe Gaël Nicolas ARNAUD 51

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